Pilar owns a parcel of land whose value t years from now will be If the prevailing
Question:
Pilar owns a parcel of land whose value t years from now will be
If the prevailing interest rate remains constant at 6% per year compounded continuously, when should Pilar sell the land to maximize its present value?
Transcribed Image Text:
V(t) = 8,000e dollars.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
V t 8000e t The prevailing interest rate of 6 is the ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
Question Posted:
Students also viewed these Mathematics questions
-
Suppose you win a parcel of land whose market value t years from now is estimated to be dollars. If the prevailing interest rate remains constant at 7% compounded continuously, when will it be most...
-
Beth owns an asset whose value t years from now will be If the prevailing interest rate remains constant at 5% per year compounded continuously, when will it be most advantageous to sell the...
-
Suppose your family owns a rare book whose value t years from now will be If the prevailing interest rate remains constant at 6% per year compounded continuously, when will it be most advantageous...
-
You're pretty sure that your candidate for class president has about 55% of the votes in the entire school. But you're worried that only 100 students will show up to vote. How often will the underdog...
-
What is the purpose of a second partner review? What should be the extent of the second partners association with the engagement being reviewed?
-
Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part of your job interview as a summer intern at Mesa, the cost accountant provides you with...
-
This case arose after Felix DeWeldon, a well-known sculptor and art collector, sold three paintings to Robert McKean in 1994. Felix DeWeldon declared bankruptcy in 1991. In 1992, DeWeldon, Ltd.,...
-
First Republic Bancorp is considering the acquisition of a new data processing and management information system. The system, including computer hardware and software, will cost $1 million. Delivery...
-
2. There are two kinds of people, who are those with college degrees and those without college degrees. Assume that they are all white-collar workers. The wage status is described in Table 1. Table...
-
A company organizes a training program in which it is determined that after t weeks the average trainee produces P(t) = 50(1 e 0.15t ) units while a typical new worker without special training...
-
It is estimated that t years from now, the population of a certain country will be a. Sketch the graph of P(t). b. What is the current population? c. What will the population be 50 years from now? d....
-
Are the soils in your area thin, rocky, and immature or thick and rich?
-
Fairmont County's general fund starts 2023 with a $450,000 balance for property taxes receivable, net of a $360,000 allowance for uncollectible taxes. The county also starts the year with $216,000 in...
-
Write the complexity of the following code in Big-O notation: int index = -1; for (int i = 0; i < arr.length && index < 0; i++) { if (arr[i] == target) { index = i; } }
-
what did you learn about yourself from reading the other theories of personality? List and explain at least three things.
-
Peng owns equipment used in his sole proprietor business with an adjusted basis of $12,000 and a fair market value of $28,000. Depreciation claimed was $6,500. How much could Peng deduct as a...
-
"Criminal Liability and Criminal Responsibility" Question 1 According to the text, all crimes have two essential elements: (1) the physical act or omission (i.e., actus reus) and (2) a mental...
-
Maximizing the effectiveness of the procurement process is a major goal of an organization. What steps can be taken to help ensure that the process is maximized?
-
At the beginning of the year, Lam Ltd. had total assets of $800,000 and total liabilities of $500,000. Use this information to answer each of the following independent questions. (a) If Lam's total...
-
In 2008, the price of gasoline in the United States inexplicably spiked and then dropped. The average monthly price (in cents) per gallon of unleaded regular gasoline for 2008 is shown in the...
-
The following graph shows how immigration (in thousands) to the United States has varied over the past century. a. Find the average annual rate of change in immigration for the first half of the...
-
The graph shows the population in millions of bacteria t minutes after an antibiotic is introduced into a culture. Find and interpret the average rate of change of population with respect to time for...
-
Widget Inc is thinking of automating their packaging process. They price out the actual automated packager at $50,000. They also calculate that by automating their packaging process. they will save...
-
I need to explain why a social science question on immigration law by measuring the variables of European Immigration Law, from surveys. The question is: What if we change immigration law, and what...
-
A proposed cost-saving device has an installed cost of $720,000. It is in Class 8 (CCA rate = 20%) for CCA purposes. It will actually function for five years, at which time it will have no value....
Study smarter with the SolutionInn App